I favor a pullback here now that we have reached 41.5k

Feb 5, 2022

We have hit the 2 fib targets I mentioned in my last post- now that we are here, I favor a pullback happening to at least 39100, if not even going as far as 38800, where we could then look for a potential rejection again, to go back up towards 40k again.

Although, if and when a 4hr candle closes above my .618 fib level @ 41,569, I see price going to the next fib level at around 43,530.